Replies to post #29552 on CirTran Corporation (CIRX)

[NASCOW]

what that paragraph infers is a corporate action is imminent ... a shadowy way of saying either a A/S increase is coming or a R/S; it also infers debt holders are still dumping shares

We have authorized 4,500,000,000 shares of common stock, all of which has been issued as of May 22, 2014. The Company has issued 9,100,000 shares in excess of its authorized. Being unable to issue additional shares of common stock may limit our ability to obtain the financing we need. It will take a vote of our stockholders to increase the number of shares we are authorized to issue, and we cannot be sure that our stockholders will vote and approve any increase. If we are unable to increase our authorized capital, YA Global will be unable to make any conversions under the 2013 Ratification Agreement. If we were then unable to make cash payments as necessary, we would be in default under the Ratification Agreement. See Item 3. Legal Proceedings.